16243 N 31 Street, Phoenix, AZ 85032
$3,200,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$3,200,000
Last Modified:
8/29/2023
More Information MLS# 6569361
Contract Info
Ownership: Fee Simple
Current Price: $3,200,000
Sold Price: $3,200,000
Status: Closed
List Date: 2023-06-14
Location, Tax & Legal
Assessor's Map #: 31
Assessor's Parcel #: 18
Assessor Parcel Ltr: C
Add'l Parcels: Yes
Tax Municipality: Phoenix
Taxes: 5423
Legal: KAY ACRES 3 LOT 18 N2 S2
Marketing Name: Desert Green
Map Code/Grid: L35
House Number: 16243
Compass: N
Street Name: 31
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85032
County Code: Maricopa
Assessor Number: 214-31-018-C
Tax Year: 2022
General Property Description
# of Buildings: 8
Uncvrd Parking Spcs: 40
Lot Size Dimensions: 47154
Total # of Units: 16
Elementary School District: Paradise Valley Unified District
High School District: Paradise Valley Unified District
Year Built: 1981
Zoning: R-3
Project Type
13 - 24 Units: 1
Construction
Block: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Tile: 1
Floors
Vinyl: 1
Wood: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Elec Exp: 19467
Annual Ins Exp: 4532
Annual Landscape Exp: 3600
Annual Legal & Acctg: 3200
Annual Maint Exp: 6800
Annual Mgmt Exp: 11558
Annual Trash Exp: 2000
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual Rplcmnt Rsrvs: 4800
Annual Other Expense: 2000
Operating Exp: 63380
Other Income: 17128
Vacancy Allowance: 0.05
Adjusted Gross Inc: 236476.85
Pmt & Rate Info
Cap Rate: 5.29
Equity: 3450000
Down Payment %: 60
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Text: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Ceiling: 1
Individual: 1
Cooling
Ceiling Fan(s): 1
Electric: 1
Individual: 1
Exterior Amenities
Green Landscaping: 1
Desert Landscaping: 1
Interior Amenities
Unfurnished: 1
Tenant Pays
Electricity: 1
Appliances Included
Built-In Range: 1
Refrigerator: 1
Dishwasher: 1
Disposal: 1
Microwave: 1
Washer/Dryer: 1
Roads/Streets
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
>1 Space Per Unit: 1
Electric
SRP: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
New Financing
Conventional: 1
FHA: 1
1031 Exchange: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 16
Avg Rent: 1327
Avg SqFt: 750
# Baths: 16
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Other
Loan Years: 10
Closing Cost Split: Normal - N
Payment Type: Other
Buyer Concession to Seller: 0
Buyer Concession $/%: %
Seller Concession to Buyer: 0
Seller Concession $/%: %
Remarks Misc
Geo Lat: 33.635404
Geo Lon: -112.015052
Status Change Info
Off Market Date: 2023-07-27
Under Contract Date: 2023-06-28
Close of Escrow Date: 2023-08-28
Sold Price: $3,200,000
Legal Info
Lot Number: 18
Income Expenses
Gross Annual Sch Inc: 231795
Net Operating Income: 182455
Property Features
Project Type: 13 - 24 Units
Construction: Block
Const - Finish: Painted; Stucco
Roofing: Tile
Floors: Vinyl; Wood
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Green Landscaping; Desert Landscaping
Interior Amenities: Unfurnished
Appliances Included: Built-In Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer
Heating: Ceiling; Individual
Cooling: Ceiling Fan(s); Electric; Individual
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: None
Parking Features: >1 Space Per Unit
Owner Pays: Water
Tenant Pays: Electricity
Source of Fincl Data: Owner
Showing Notification Methods: Text
Lockbox Type: None
New Financing: FHA; Conventional; 1031 Exchange
Environmental: None
Listing Office: Marcus & Millichap
Last Updated: August - 29 - 2023
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